The typical owner-occupied home in Petros is worth about $167,100, 42% below the Tennessee median of $286,700 and 50% below the national median of $332,700. Owners pay a median $513 a year in property taxes, about 0.31% of their home's value, lower than the Tennessee rate of 0.50%. 71% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Petros at a glance
| Petros | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $167,100 | $286,700 | $332,700 |
| Median property tax paid per year | $513 | $1,442 | $3,119 |
| Property tax as a share of value | 0.31% | 0.50% | 0.94% |
| Median household income | – | $69,595 | $80,734 |
| Homes lived in by their owners | 71% | 67% | 65% |
| Owner homes with a mortgage | 0% | 58% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,566 | $1,963 |
| Median rent | – | $1,189 | $1,413 |
| Median year homes were built | 1957 | 1987 | 1980 |
| Vacant homes | 18.0% | 10.2% | 10.1% |
| Population | 352 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Petros
At this week's average 30-year rate of 7.11%, buying the median Petros home of $167,100 with 20% down costs about $1,012 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,290, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $43,374 for the 20%-down payment.
| Down payment | $33,420 |
|---|---|
| Loan amount | $133,680 |
| Principal and interest | $899 |
| Property taxes (0.31% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| PMI | $0 |
| Total per month | $1,012 |
Change the numbers in the calculator
| Down payment | $5,848 |
|---|---|
| Loan amount | $164,073 |
| Principal and interest | $1,104 |
| Property taxes (0.31% a year) | $43 |
| Homeowners insurance (our estimate, 0.5% a year) | $70 |
| FHA mortgage insurance | $74 |
| Total per month | $1,290 |
Change the numbers in the calculator
Questions about home buying in Petros
What is the median home value in Petros?
About $167,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Petros?
Homeowners pay a median $513 a year, which is about 0.31% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Petros?
For the median home with 20% down at 7.11%, the payment is about $1,012 a month. Keeping that under 28% of gross income takes about $43,374 a year.
More about Petros
- Mortgage Refinance in Petros
- Debt Relief in Petros
- Home Equity Loans in Petros
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data